11 Things You Didn’t Know About Libya Under Gaddafi’s ‘Dictatorship’

Was He Really A Heartless Tyrant?

10. Stabilizing the Nation Through a State-Owned Bank

In addition to the material relief he endeavored to give his citizens, Gaddafi also created a government-owned bank. This move allowed him to, say, offer no interest loans to those people who might need it. Having a state-owned bank also enabled Gaddafi to virtually eliminate any external debt the country had accrued before he came to power.